PIA Press Release
Wednesday, January 18, 2012
2012 funds for R8 for release this month -- DPWHby Bong Pedalino
MAASIN CITY, Southern Leyte, Jan. 18 (PIA) -- At the beginning of this year, the District Engineering Office of Southern Leyte will get its entire 2012 funding, the first time it will happen, because in previous years, funding would be released after six months.
This is a nationwide strategy designed to pump-prime the economy as money will circulate nationwide with the implementation of various public works projects, Carlos Veloso, district engineer, said during a press conference.
Last year, critics assailed DPWH for not releasing enough infra funds that could have stimulated the economy.
This year, DPWH will reverse that picture by releasing funds early, right on the first month of the year, Veloso explained.
He said that a total of P 145,432,000 is due for release anytime this month for the Southern Leyte Engineering District's (SLED), specific infra projects.
The amount is for five projects, four of which had already been bid out, like the widening of the national road Tomas Oppus street in Maasin City for P 5.456 million, San Ricardo-Bil-atan road for P 5 million, and improvements along Daang Mahalika road for P 10,976,000.
Slated to be bid next month will be the completion of Subang Daku bridge in Sogod for P124,000,000.
Should there be any excess amount, it would be used to improve three old bridges in barangays Combado and Tunga-tunga in Maasin City, and one in San Roque, Macrohon. (PIA-Southern Leyte/bong)